Question

identify the market structure for ExxonMobil. what is the current market share. identify local and global competitors. analyze the barriers to entry this market. to illustrate the potential for new competition and its impact on ExxonMobil future in the market.
identify the trends in the last three years
1. current stage of the business cycle
2. real gross domestic product
3. inflation as measured by consumer price index
4. unemployment rate
5.federal funds rate
6. current rate for borrowing funds
7. evaluate trends in demand over last three years explain impact on ExxonMobil and the industry, include the last two quarters and annual sales last three years. create business strategies by analyzing info and data related to the demand for supply of ExxonMobil products and support your recommendations for this action with a graph.
8. examine available current data and information such as pricing and available substitutes and explain how you could determine the price elasticity of demand for ExxonMobil products. assess how the price elasticity of demand impacts ExxonMobil pricing and decisions and revenue growth.
9. apply the concepts of variable and fixed costs for informing output decisions.
10. create business strategies including price and non price strategies based on market structure to ensure market and potential expansion and global opportunities.
11. develop a recommendation on how to manage future production by synthesizing macroeconomics and microeconomics data presented

Answer 1

Exxon Mobil is a petroleum company which has anoligopolistic market structure and which also happens tobe world\s largest publicly traded company. Oligopolostic marketstructure is one in which the gamble of market dominance is playedbetween a few players who through their business strategies try toobtain as much share from the market as possible , by weaning awaythe consumers from other companies . Sometimes these companies maycollude with each other to dictate the supplies, thereby causing amajor shift in market prices. More than 50% of the worlds largestcompanies are oil companies. Impact of new companies entering inOil sector

As per the recent ranking study of oil companies of the world byPetroleum Intelligence Weekly [1], the top slots is taken by SaudiArabian State oil company while Exxon Mobil is at 3rd positionafter Irans state oil company. Venezuelan and Chinese state ownedoil companies were at 4th and 5th position respectively. Thisranking clearly underscores that State support is must for anyenhancement in the net worth. May be this is the reason that thelatest entrants into the top 50 list of PIW [1] Uzbekneftegas,Chinas CNOOC and Kazmunaigas of Kazakhstan all majoritystate-owned

The entry to this businesss requires lots of governmentclearance and capital which makes the entry of the new playerdifficult here.